Loans are cheap good time to use loans for Investment in btc

[vaultman]

Loans have never been a good way to invest in anything. You always need to go from the opposite and think about what will happen if you lose everything. In the case of taking a loan, it is obvious that it will end very badly for the borrower, and the money will need to be returned more and more every day, as interest for late payment will be accumulated. Therefore, you should never start doing anything on credit.

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[AndySt]

Loans have never been a good way to invest in anything. You always need to go from the opposite and think about what will happen if you lose everything. In the case of taking a loan, it is obvious that it will end very badly for the borrower, and the money will need to be returned more and more every day, as interest for late payment will be accumulated. Therefore, you should never start doing anything on credit.

Loans are a good option when you are engaged in the production of goods or services and you need to expand the business, you have access to all internal information and understand the prospects and you can influence decision-making. None of this is observed when investing, because you do not own all the information and are forced to rely on your outside view and on your gut. And if you still use borrowed funds, then this is an even greater risk, because the loans need to be repaid.

[Sithara007]

You can't be granted a loan without any collateral, and again there is a high chance that you will lose all the loaned money to crypto because crypto is unpredictable and you can't tell when bull run will be over, the safest time to buy crypto is when bears have taken over

It is very simple. Just look at Ripple. After the directive from the SEC, it has lost more than 60% of its value in less than two weeks. And I don't think that what happened to XRP will be an isolated incident. The same can happen to the other cryptocurrencies as well. Now ask yourself what you are going to do, in case you have taken a loan to invest in an asset such as XRP, and it goes down by 60% in two weeks.

[PonZZ]

I don't like taking loans at all. It's like loosing you money because you always have to pay %. Investing in crypto associates with some risks, using borrowed money makes it even more riskier.

[Ken_terrance]

Is there any platform that's give people free loan? You have to tender some collateral before you are given a pass I believe, anyways, what I've noticed is you need your right mind set to make the right decisions when trading crypto so taking loan will even make things more risky, you will be in worries because the money isn't truly yours

[Jemzx00]

You can't be granted a loan without any collateral, and again there is a high chance that you will lose all the loaned money to crypto because crypto is unpredictable and you can't tell when bull run will be over, the safest time to buy crypto is when bears have taken over

It is very simple. Just look at Ripple. After the directive from the SEC, it has lost more than 60% of its value in less than two weeks. And I don't think that what happened to XRP will be an isolated incident. The same can happen to the other cryptocurrencies as well. Now ask yourself what you are going to do, in case you have taken a loan to invest in an asset such as XRP, and it goes down by 60% in two weeks.

With what happened to XRP can also be applied to other cryptocurrency and instead of a negative news why not take into consideration the positive news. Imagine if you take a loan to invest in an asset such as BTC before the halving happen, and it goes up 100% in just a week. It's just about the timing and right decision when you're investing unto something. Ask yourself, why would invest in an asset that receive a negative feedback and wait for two weeks before you even pullout. You could avoid a huge 60% loss if you've pulled out early.
Anyway, back to the topic, instead of using a loan on an invested such as market or crypto market why not something on that will surely provide profit even if it's on the long run. It's best not to loan unto something you can't compensate if you loss which will could cause you a negative outcome such as being broke.

[sulendra12]

If you have job and income and money to borrow its cheap now its not bad at all

You should not use your loan money for trading ever even though the price right now is really promising. I don't know what happen if you lose the tracks and lose your goal because it is too risky due to high volatile and hype these days. If you have primary job to cover the loan then it is fine as long as you can cover it, otherwise you should not.

[Sithara007]

With what happened to XRP can also be applied to other cryptocurrency and instead of a negative news why not take into consideration the positive news. Imagine if you take a loan to invest in an asset such as BTC before the halving happen, and it goes up 100% in just a week. It's just about the timing and right decision when you're investing unto something. Ask yourself, why would invest in an asset that receive a negative feedback and wait for two weeks before you even pullout. You could avoid a huge 60% loss if you've pulled out early.

It is not that simple. No one knew that XRP would go down by 60% in a matter of few days. The exchange rates crashed as soon as the announcement from SEC was made. It was possible to pull out, but only after suffering a huge loss. And how are you going to cover the loss, since you have taken a loan to invest in this asset? Cryptocurrencies are highly volatile, and this can happen not just with XRP, but also with the other coins as well.

[sulendra12]

Is there any platform that's give people free loan?

Well to be honest, there is.

But the requirement is really strict such as you must have fixed job with more than like $1000/month as an income for an example or you have to make some sort of agreement with the lender such as send your passport or your residential address etc. Compared to other type of loans, this type of free loan is really risky and they might use your data for their own benefit since you can not control it.

[oHnK]

Is there any platform that's give people free loan?

Well to be honest, there is.

But the requirement is really strict such as you must have fixed job with more than like $1000/month as an income for an example or you have to make some sort of agreement with the lender such as send your passport or your residential address etc. Compared to other type of loans, this type of free loan is really risky and they might use your data for their own benefit since you can not control it.

Some are without any guarantee, but you must have a fixed salary and are immediately deducted per month to pay the installments. Even the interest is slightly higher than that of banks or other cooperatives. In my country, usually it is in "cooperative" loans to state civil servants or permanent employees of BUMN.

[ice098]

It's an impractical notion for my side. You can not rely upon bitcoins let sit tight for certain minutes as well. In 2017 the greater part of my companions take the advance to put resources into bitcoins, however, they lose everything when it begins falling. I am not saying that we ought not to take loans however never be so covetous. It would be better if we stand by till New Year's eve and, at that point consider the speculation. On the off chance that you actually need to contribute by taking a loan, at that point please accept speculation as much you can bear

I do not recommend taking a loan or rely too much on bitcoin, although being a full-time trader will help you and will give you money in the future still we need to consider that bitcoin and other crypto are very volatile and if we get affected by this FOMO it will ruin us and leave us in debt, maybe bitcoin now is at peak and pump so well, who knows it may dump any days from now or have some corrections, instead of taking loans work hard for every penny that you may need in the future.

[milewilda]

It's an impractical notion for my side. You can not rely upon bitcoins let sit tight for certain minutes as well. In 2017 the greater part of my companions take the advance to put resources into bitcoins, however, they lose everything when it begins falling. I am not saying that we ought not to take loans however never be so covetous. It would be better if we stand by till New Year's eve and, at that point consider the speculation. On the off chance that you actually need to contribute by taking a loan, at that point please accept speculation as much you can bear

I do not recommend taking a loan or rely too much on bitcoin, although being a full-time trader will help you and will give you money in the future still we need to consider that bitcoin and other crypto are very volatile and if we get affected by this FOMO it will ruin us and leave us in debt, maybe bitcoin now is at peak and pump so well, who knows it may dump any days from now or have some corrections, instead of taking loans work hard for every penny that you may need in the future.

Taking loans for the sake of investment is considerable but not really that reliable or make out some assurance if you do put it up on crypto.
You wouldnt know on when the market would flip out thats why its really hard to consider such option.If you can pay off your debt without
relying your crypto income then its fine but if this is the one you would rely for you to repay then you are just doing suicide.
Always think twice or even thrice on making decisions because once you've fucked up you would really be having a hard time to recover.

[newwest]

I am not of the opinion of taking loan just for the investing in bitcoin as there would be phase when the market from top could fall for some time and that too could extend the losses, and if the timing turns out to be wrong then you may just be in a scoop of heavy losses. Though it’s a risky proposition, if on some drop in price want to just try the luck might take a small loan and invest and once it rises sell it and return back the loan amount and keep the profit and invest profit back again.

[Wipeout2097]

Its truly awesome thought Each one who knows money related terms must go with it, numerous individuals think they can make benefits from the markets but it is broadly know that over larger part of the individuals lose all their capital amid their to begin with year exchanging, of the rest most break indeed or get a few little benefits and as it were littler bunch of dealers get noteworthy benefits, in case you're portion of that little gather at that point your procedure of borrowing cash seem make sense but too supportive for lion's share who misplaced capital and settle BTC in staking or HODL for long run.

[aesma]

First of all I would say this is only for nocoiners. If you have coins, keep your fiat earnings for daily life, if you have some left buy more coins if you think it will go up, but don't take a loan.

Now if you're a nocoiner, and don't have money aside to buy some coins, then it might be worth considering. The loan should be easy enough to pay back with your regular income, not something that would make you struggle. Maybe what you would have put into a new fancy car, put it into BTC, and keep your current car, something like that. However you have to be ready for BTC to crash, maybe even go to zero. You have to think long and hard about this. Believe me, as a hodler, it's harder than you think.

[AndySt]

I am not of the opinion of taking loan just for the investing in bitcoin as there would be phase when the market from top could fall for some time and that too could extend the losses, and if the timing turns out to be wrong then you may just be in a scoop of heavy losses. Though it’s a risky proposition, if on some drop in price want to just try the luck might take a small loan and invest and once it rises sell it and return back the loan amount and keep the profit and invest profit back again.

The cryptocurrency market is still a very risky thing to recommend to anyone to use loans for transactions. A bad time to enter the market and/or a prolonged correction can drive such a risky investor into huge losses.

[cryptoboss2020]

If You can get loan take as much you can.
there is no need to pay Back loans will expiry.
Banks giving out Now loans without ASKing anything.  Don't need Even collateral.
I gona borrow like 25k  15k I Invest in trading and 15k will just put in Pocket.

This all Financial system will crash anyways.
So You Better take it as much You can is my advice
The debt is nothing You dont Go to jail for owning the debt
Debt is Popular look at richest People so much debt corporate debt also

At the End of the day only what counts are how You doing in your life if You eat well wearing good closing and enjoy the finer things in your life

Nothing Else matters.
If You Don't act now You might regret later specially If You are Young under 30 Years... Age take it and live fullest.

Life is not fair If you want fair life you make it fair for yourself.
Standard is not Low but rather high
Look at all this wealth...  people swimming in prosperity and money don't be poor use the options you have.

Finally Don't matter how you Look on the paper or credit history only what matters is If you live truly Nice and abundant life.

While the btc not 100k its a Still good time to invest just Don't invest all your money buy the btc dips slowly

[Kittygalore]

The cryptocurrency market is still a very risky thing to recommend to anyone to use loans for transactions. A bad time to enter the market and/or a prolonged correction can drive such a risky investor into huge losses.

Taking loans to invest as an individual investor is a suicide in my opinion, there no good loans, the more you think that it is a good loan then the more predatory it is than you think. Plus as @AndySt mentioned, at the current price of bitcoin, entering will not yield you good profits that will be enough to pay the loans plus the interest. Volatility is a factor too so you have to watch out for that or your loans will eat you up and drown you. In the end, the lender will be the only one that profits from this predatory scheme so you don't have to think about getting one.

[SmokerFace]

It's an impractical notion for my side. You can not rely upon bitcoins let sit tight for certain minutes as well. In 2017 the greater part of my companions take the advance to put resources into bitcoins, however, they lose everything when it begins falling. I am not saying that we ought not to take loans however never be so covetous. It would be better if we stand by till New Year's eve and, at that point consider the speculation. On the off chance that you actually need to contribute by taking a loan, at that point please accept speculation as much you can bear

[iamsheikhadil]

If You can get loan take as much you can.
there is no need to pay Back loans will expiry.
Banks giving out Now loans without ASKing anything.  Don't need Even collateral.
I gona borrow like 25k  15k I Invest in trading and 15k will just put in Pocket.

This all Financial system will crash anyways.
So You Better take it as much You can is my advice
The debt is nothing You dont Go to jail for owning the debt
Debt is Popular look at richest People so much debt corporate debt also

At the End of the day only what counts are how You doing in your life if You eat well wearing good closing and enjoy the finer things in your life

Nothing Else matters.
If You Don't act now You might regret later specially If You are Young under 30 Years... Age take it and live fullest.

Life is not fair If you want fair life you make it fair for yourself.
Standard is not Low but rather high
Look at all this wealth...  people swimming in prosperity and money don't be poor use the options you have.

Finally Don't matter how you Look on the paper or credit history only what matters is If you live truly Nice and abundant life.

While the btc not 100k its a Still good time to invest just Don't invest all your money buy the btc dips slowly

Lol, you are just advocating crime, and it's morally, ethically and not to say, legally wrong to not pay off someone or some institution's debts for the enjoyment of your own life because the burden of debt will always be there and you will never truly enjoy life with freedom which you dream of, because of their constant pinging you for their debts, etc, hence, although now that crypto is soaring I would recommend to take loan at very less interest to invest in crypto, but never advocate to not paying the loan altogether